Weatherford International plc ( (NYSE:WFT):
Weatherford Canada Recognized for Safety Program Three Consecutive Years.
The company is now down since yesterday’s close of $5.34.
It is trading at $5.17 a tad below the 50 day moving average which is $5.81 and a tad under the 200 day moving average of $6.02. The 50 day moving average moved down $-0.64 whereas the 200 day moving average was down $-0.85 or -14.11%.
As of the latest earnings report the EPS was $-2.98 and is expected to be $-1.20 for the current year with 896,151,000 shares now outstanding. Next quarter’s EPS is forecasted at $-0.24 with next year’s EPS projected to be $-0.65.
A few investment analysts have provided guidance on WFT recently. On October 11 Citigroup left the stock rating at “Buy” and raised the price expectation from $7.00 to $8.00. October 5 investment analysts at Citigroup kept the stock rating at “Buy” and moved down the price target to $7.00 from $8.00.
Loop Capital began coverage with a rating of “Hold” and price target of $6.00. September 12 investment analysts at Citigroup made no change to the company rating of “Buy” but raised the price target to $8.00 from $7.00.
Equity analyst Imperial Capital initiated coverage on the stock with an initial rating of “In-line” and setting a price target of $7.00. June 14 investment analysts at Citigroup held the company rating at “Buy” but moved up the price target to $8.00 from $7.00.